Gentiva Health Services

exited

Healthcare — Kindred / TPG (acquired)

Deal Terms

Entry Year2015

Entry EV$1.8B

Entry Multiple10x

Leverage5.5x

Debt Amount$0.99B

Outcome

Exit Year2018

Risk Metrics

LTV (est.)55%

Debt / EV0.55x

Notes

Home health and hospice company acquired by Kindred Healthcare (PE-backed) for $1.8B (2015). Part of PE's push into home health. Kindred itself was then taken private by Humana/TPG/Welsh Carson. Home health reimbursement changes created margin pressure across the sector.

Sponsor

TPG Inc.$230B AUM